LTC Properties Q2 net income rises 97.34% to $29.48 million; revenue climbs 64.08% to $98.86 million
LTC•Updated earnings outlook
Lifted full-year diluted GAAP EPS outlook to $8.08-$8.10, while narrowed 2026 diluted Core FFO to $2.76-$2.78 and Core FAD to $2.83-$2.85.
Q2 profit and revenue increase
LTC Properties Inc. posted Q2 net income available to common stockholders of $29.48 million, up 97.34%, as revenue climbed 64.08% to $98.86 million.
Diluted earnings per share rose 75% to $0.56, while Nareit diluted FFO per share increased 29.41% to $0.66.
Portfolio and investment activity
SHOP portfolio reached 39 communities; Q2 core NOI totaled $13.3 million, with $171 million of acquisitions closed and $529 million expected in Q3.
Raised 2026 gross investment guidance midpoint 50% to ; expects of 2026 dispositions and payoffs.
